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20121230
20121230
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go back to the tax rates that prevailed when bill clinton was president. why the other side is horrified by that is perplexing to me. because i look back at the clinton era -- i was here. that is a long time ago. i was here. i came through the senate with senator feinstein when bill clinton was president. he faced similar issues in that we had a deficit that was getting out of control, debt that was getting out of control. we needed to have growth. so he put forward a plan, a budget plan, that invested in our people, invested in the infrastructure, invested in education, and at the same time said we can find cuts in other areas and we can raise taxes on those who are doing very well. what happened with that fair and balanced approach? what happened, the greatest prosperity in modern history. 23 million jobs, no more deficit, we got to a balanced budget, and i remember saying to my husband, what is going to happen -- it will not be any more government bonds because we will be out of the debt situation. we saw it on the horizon. when george w. bush became president, he decided
? >> back in the clinton years, we were able to actually balance the budget, we treated the longest period of uninterrupted growth. -- created the longest period of uninterrupted growth. and we were paying down the debt. in recent times, i've been part of a nonpartisan commission to resolve these debt issues. there we had 11 of the 18 members agree on a plan to the country back on track. i still believe that is probably the best blueprint for going forward. i was also part of the group of six that became the group of eight, evenly divided the dream republicans and democrats. -- that between republicans and democrats. >> lots to go back with. let me start with the 1990's. how much of that success was the bursting economy with the tech bubble that was happening that brought more money into the coffers? >> all of these things are connected. that is my belief. governmental policy, what happens in the private sector. because we were showing that we could get results, the government could make decisions, that gave additional confidence to the private sector. there was additional certainty, becau
of these are expected to revert to clinton era levels." >> starting out the sunday shows, president obama with an interview on "meet the press." and their efforts in congress. here is what he had to say. [video clip] >> i am confident that we will see an agreement in the next 48 hours. if that does not happen, democrats in the senate will put a bill on the floor of the senate and republicans will have to decide whether or not they will block it, meaning that middle-class taxes go up. i do not think that they would want to do that, politically, but they may wind up doing that. if all else fails so that taxes go up on middle-class families on january 1, we will come back with a new congress on the fourth and the first bill on the floor will be to cut taxes on middle-class families. i do not think that the average person is one to say -- gosh, that is a really partisan agenda on the part of the president or democrats in congress. people will say -- that makes sense, that is what the economy needs right now. if one way or another we get through this -- do i wish that things were more orderly
Search Results 0 to 2 of about 3